1st > May > 2011 Archive

2

Aussie crowdsourcers get A$35m

Multi-millionaire and founder of Flickr, Stewart Butterfield is part of a gaggle of high profile investors that have poured US$35 million into Australian crowdsourcing design website 99designs. The first round of VC funding was led by Accel Partners and includes angel investors like former eBay exec Michael Dearing, Dave Goldberg of Survey Monkey and Anthony Casalena of Squarespace. 99designs, which is now based in San Francisco with 26 staff, was founded in Australia in 2008 by co-founders Mark Harbottle and Matt Mickiewicz. The duo evolved the crowdsourcing platform out SitePointForums along with sitepoint.com, Flippa.com and Learnable.com. Harbottle said on the company blog that the investment “goes a long way towards guaranteeing that we will be around long term.” He added that a good chunk of the money will go towards distribution, marketing and international expansion. “We also plan to build out the platform with many of the features our customers and designers have been asking for to improve the overall experience. And finally, we will create new and exciting opportunities for designers to connect with clients, enhance their skills, and earn an income doing what they love,” he said. 99designs says it has over 100,000 designers in 192 countries, and through its crowdsourcing model has paid out over US $19 million to designers to date and average distributing $1 million per month.
Natalie Apostolou, 01 May 2011
6

How two failed capacitors stranded Sydney rail commuters

The railway signaling failure which crippled Sydney on April 12 (some commuters reported trips of more than three hours) was caused by a failing LAN switch and software that couldn’t cope, an engineering report has found.
Richard Chirgwin, 01 May 2011
46

Sony: 'PSN attacker exploited known vulnerability'

Sony is getting ready to return to service some PlayStation Network offerings, amid ongoing analysis to try and identify the source of the April attack on its San Diego data centre hosted in an AT&T network facility.
Richard Chirgwin, 01 May 2011
44

Wikileaks: Canadian piracy arrests were favor to movie biz man

A report on TorrentFreak has linked the overdose death of a Canadian “cammer” (someone who records movies in cinemas on Webcams) to his arrest by the Mounties, even though his activities weren’t a crime in that country.
Richard Chirgwin, 01 May 2011